Re: Never co-sign a loan. Never, ever ever.

I called the CU and they are giving me the same old BS that they "can't change what they report legally if they didn't make a mistake" and blah, blah, blah. I escalated through two supervisors and they wouldn't budge. I guess the next step is to try to contact their CEO and give them my story. This is such a mess. I am so angry I could just scream.

Re: Never co-sign a loan. Never, ever ever.

If she only missed **one** payment I would surely ask the lender to remove the negative mark from your score. Surely they will be kind once the situation is explained. If they tell you no- keep asking. 35 points is massive! Good luck to you!!

Re: Never co-sign a loan. Never, ever ever.

drkaje wrote:@lithium,I'd call back and say "I only cosigned for a 60 month loan". If she renegotiated terms or something else you should have been notified, IMO.

OK, I do like this one. Don't know if it will be successful, but it makes sense. It appears that she renegotiated the terms of the contract, and you weren't notified. Wouldn't that invalidate your liability?

Definitely worth following up on, IMO. With an endless, uncrackable smile and earnest good will. Bring mini Baby Ruths and Snickers bars for the tellers. Make it easy for them to back down, especially if their attorneys start clearing their throats.

Re: Never co-sign a loan. Never, ever ever.

haulingthescoreup wrote:

drkaje wrote:@lithium,I'd call back and say "I only cosigned for a 60 month loan". If she renegotiated terms or something else you should have been notified, IMO.

OK, I do like this one. Don't know if it will be successful, but it makes sense. It appears that she renegotiated the terms of the contract, and you weren't notified. Wouldn't that invalidate your liability?

Definitely worth following up on, IMO. With an endless, uncrackable smile and earnest good will. Bring mini Baby Ruths and Snickers bars for the tellers. Make it easy for them to back down, especially if their attorneys start clearing their throats.

I'd show up with coffee and a smile.

That close to the finish line (of credit repair); I'd ask for a copy of the 72 month loan application.

If all else fails, I'd politely ask who their "contact person was for legal stuff, like documentation" so they feel a lawyer is calling.

Re: Never co-sign a loan. Never, ever ever.

I LOVE your answer! That is pretty much what I would do! There is a chance that it was originally a 72 month loan and the OP didn't realize it. I had never heard of 72 month auto loans until I was helping someone out and read their contract. They appeared "shocked" that it was a 72 month auto loan...but hey, maybe that person wasn't shocked. Who knows?

Re: Never co-sign a loan. Never, ever ever.

drkaje wrote:

haulingthescoreup wrote:

drkaje wrote:@lithium,I'd call back and say "I only cosigned for a 60 month loan". If she renegotiated terms or something else you should have been notified, IMO.

OK, I do like this one. Don't know if it will be successful, but it makes sense. It appears that she renegotiated the terms of the contract, and you weren't notified. Wouldn't that invalidate your liability?

Definitely worth following up on, IMO. With an endless, uncrackable smile and earnest good will. Bring mini Baby Ruths and Snickers bars for the tellers. Make it easy for them to back down, especially if their attorneys start clearing their throats.

I'd show up with coffee and a smile.

That close to the finish line (of credit repair); I'd ask for a copy of the 72 month loan application.

If all else fails, I'd politely ask who their "contact person was for legal stuff, like documentation" so they feel a lawyer is calling.

Re: Never co-sign a loan. Never, ever ever.

drkaje wrote:@lithium,I'd call back and say "I only cosigned for a 60 month loan". If she renegotiated terms or something else you should have been notified, IMO.

OK, I do like this one. Don't know if it will be successful, but it makes sense. It appears that she renegotiated the terms of the contract, and you weren't notified. Wouldn't that invalidate your liability?

Definitely worth following up on, IMO. With an endless, uncrackable smile and earnest good will. Bring mini Baby Ruths and Snickers bars for the tellers. Make it easy for them to back down, especially if their attorneys start clearing their throats.

I'd show up with coffee and a smile.

That close to the finish line (of credit repair); I'd ask for a copy of the 72 month loan application.

If all else fails, I'd politely ask who their "contact person was for legal stuff, like documentation" so they feel a lawyer is calling.

Re: Never co-sign a loan. Never, ever ever.

After speaking with my ex again, she says that the credit union gave her the option of extending the auto loan by three months without penalty so she took advantage of that. It had been a 72 month auto loan, but they extended it to 75 months. She then missed the very last payment on the schedule by 30 days. I told her that she could have contacted me if she needed money to make the last payment and she could have paid me back, but she decided to be irresponsible instead. *sigh*

She's trying to get a goodwill adjustment on her end and I'm trying on my end, so maybe we'll be able to get something worked out. I sent a letter, which I fully expect to be rejected. When I get a response, I'll try contacting the CU's CEO. This credit union seems to be very "by the book", so getting a GW adjustment is going to be extremely hard.

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Many factors affect your FICO Scores and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating.
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IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.